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SAC CODE - 998592 : Collection agency services
GST RATE ON SAC CODE - 998592 IS 18%
| SAC CODE | Description |
|---|---|
| 9985 | Support services |
| 99859 | Other support services |
| 998592 | Collection agency services |
Services Accounting Codes (SAC Codes) 998592 is used for the Collection agency services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Support services.
How Services Accounting Codes (SAC Codes) 998592 - is Derived?
A uniform format is followed to generate the Service Accounting Code.
The first two digits are 99 always for services.
The next two digits 85 represent the major nature of service, Support services in this case.
The next two digits 92 represent the detailed nature of service, Collection agency services in this case.
Explanation Of SAC CODE - 998592
This service code includes services consisting of the collecting of accounts, cheques, contracts or notes and of the remittance of the money to the client; collection of regular accounts (e.g., utility bills) and the recovery of delinquent accounts; outright purchase of delinquent accounts and debts and subsequent recovery